As part of his new role, Michel will develop relationships with new funders and investors and ensure that Finverity’s technology-enhanced solutions continue to make SCF ever more attractive and easily accessible to funders.
Finverity and Investec launch collaboration to channel onward lending to African SMEs
National Bank of Fujairah (NBF), one of the leading banks in the UAE trade finance landscape, today announced the launch of a partnership to grow supply chain finance (SCF) and account receivables (AR) finance volumes in the MENA region.
From a credit risk perspective, the lifecycle of a Supply Chain Finance (“SCF”) or Accounts Receivables (“AR”) deal can be broken down into a number of specific steps, namely deal review and approval, client onboarding, deal execution, ongoing credit monitoring, and closure.
Covid has wreaked havoc across the globe, disproportionately affecting certain geographies, industries and companies of different sizes. This has…
Most integration challenges arise when two systems seek to connect. At Finverity, we have spent considerable time and resources in addressing integration to ensure an efficient process with minimum friction.
The partnership will bring FIMBank into the wider trade finance ecosystem and enable co-funding opportunities, transaction cross referrals and more.
The ELP is an initiative whereby Finverity scouts and assesses local smaller banks and NBFIs in Africa who we believe have the potential to grow into industry leaders if equipped with the right tools.
By expanding its horizons and providing significant opportunities for banks and alternative leaders in the trade space, the UAE is making significant strides toward enhancing its status as a trade and financial hub.